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Liza Destiny crew training for emergency response

OilNOW -
The crew that is onboard the Liza Destiny—the  Floating, Production, Storage and Offloading (FPSO) vessel that is currently en route to Guyana—has been engaging in emergency response activities and other safety training while the vessel travels to the South...
News

Stakeholders to review final draft of local content policy

OilNOW -
Private sector groups and other stakeholders in Guyana will soon receive the final draft of the local content policy framework for review. Speaking at a press conference on Monday in Georgetown, Director of Guyana’s Department of Energy (DE), Dr. Mark...
News

Tender to be put out soon for marketing Guyana’s share of oil

OilNOW -
The Guyana government will be selling its own share of crude when production starts at the Liza Phase 1 Development project, just months away, and a tender for this will be put out before the end of the year....
Discoveries

World’s Largest Recent Offshore Oil Discovery Progresses Amid Political Tensions, Disputes

OilNOW -
Nothing is ever easy or simple in the world of international offshore oil and gas development. That axiom is proving to be true for the most prolific offshore oil discovery in recent years off the coast of the...
News

Liza Destiny was completed in record 20+ months – SBM Offshore

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The Liza Destiny FPSO which is currently sailing to Guyana, recently departed from Keppel shipyard in Singapore. This key milestone follows a record turnaround time of just over 20 months for its construction phase by SBM Offshore – including...
News

Investors not attracted to risky basins; Guyana will seek larger share going forward – Bynoe

OilNOW -
While the terms of the Production Sharing Agreement (PSA) Guyana has with ExxonMobil for its Stabroek acreage remain in the spotlight, the head of the country’s Department of Energy (DE) says that government’s take in basins that are not...
News

Floating oil production platform sets sail for Guyana oil bonanza

OilNOW -
The 120,000 barrels per day Liza Destiny FPSO has departed Singapore for Guyanese waters where it will begin oil production within months at the giant Liza field in the Stabroek Block. Christened on June 22, 2019 by Guyana’s First Lady,...
News

Guyana production could help fill ‘giant oil supply gap’ looming

OilNOW -
Chairman and Chief Analyst at Wood Mackenzie, Simon Flowers says a giant oil supply gap is looming. If, as is expected, oil demand peaks at 110 million b/d in 2036, the inexorable decline of fields in production or under...
News

One oil major walked away, 20 companies said no to Guyana exploration

OilNOW -
The financial risk was high and the prospects of finding oil off the Guyana coast was low in the lead-up to the 2015 drill campaign that saw the largest discovery for that year being made at the Liza field....
News

Orinduik explorers targeting 220 million barrels of oil at Jethro-Lobe

OilNOW -
Explorers in the 1800km2 Orinduik Block, situated in shallow water (70 – 1,400m), 170 km offshore Guyana, are targeting around 220 million barrels of oil at the first wildcat well currently being drilled – Jethro-Lobe. Orinduik is located adjacent to...
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Guyana recognized as one of only nine new superbasins – S&P Global

Guyana has been identified as one of only nine new superbasins worldwide to deliver over five billion barrels of...

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